Playtika Holding Corp has announced its financial results for the first quarter of 2021.
First quarter 2021 financial highlights:
- First quarter revenue was $638.9 million compared to $534.2 million in the prior year period.
- Net income was $35.7 million compared to $35.8 million in the prior year period.
- Adjusted EBITDA, a non-GAAP financial measure defined below, was $258.0 million compared to $186.1 million in the prior year period.
- Available liquidity, defined as Cash and Cash Equivalents as of March 31, 2021, plus undrawn revolving credit facility, is over $1.5 billion.
“We kicked off 2021 with a very robust first quarter. Our Boost technology platform powers our best-in-class Live Operations, allowing Playtika to continually drive fresh content to our players. Our focus on data-driven game management, assisted by our impactful marketing campaigns, resulted in our impressive revenue growth. We are excited with our results and look forward to leveraging this success throughout the year,” Robert Antokol, CEO of Playtika, said.
“Our business displayed excellent momentum in the first quarter, and we experienced strong performance across all parts of our company,” Craig Abrahams, President and CFO of Playtika, said.
“We continue to innovate within our portfolio of game franchises and delivered excellent organic revenue growth with over 40% Adjusted EBITDA margins in the quarter. We are pleased to be able to increase our financial outlook for the year, particularly of the target milestone of delivering $1 billion in adjusted EBITDA for 2021.”